Mount Plymouth, FL Cost of Living

Mount Plymouth cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

The above illustration supplies generalized information for the Mount Plymouth, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Mount Plymouth, FL is 95, which is 5% lower than the Florida average and 5% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Mount Plymouth, FL are 4% lower than the average for Florida and 5% lower than the rest of the country.

Did you know?

The cost of living in Mount Plymouth is 5% lower than the Florida average.

The cost of living in Mount Plymouth is 5% lower than the national average.

The cost of housing in Mount Plymouth is 12% lower than the national average.

Compare Mount Plymouth, FL Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Mount Plymouth, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Mount Plymouth, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Mount Plymouth, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$62,939

$5,245

$1,468

$1,888

Renters

$75,245

$6,270

$1,756

$2,258

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mount Plymouth, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Mount Plymouth, FL homeowners, is $62,939. This would allow for a maximum of $1,468 per month to be spent on housing costs. For renters, the median monthly income is $75,245 which would result in a maximum of $1,756 to be spent on rental costs.

Florida Sales Tax

State

General Sales Tax

With Max Surtax

Florida

6%

7.5%

Florida Income Tax

State

Income Tax (Low)

Income Tax (High)

Florida

0%

0%

When you are determining the total cost of living in Mount Plymouth, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

Item

Mount Plymouth

National avg.

Difference

Haircut

$14.78

$16.09

8.1%

Beauty Salon

$41.60

$37.33

11.4%

Toothpaste

$2.49

$2.45

1.8%

Shampoo

$0.93

$1.00

7.0%

Movie

$10.59

$10.28

3.0%

Bowling

$5.28

$4.93

7.0%

Groceries

Item

Mount Plymouth

National avg.

Difference

Ground Beef

$4.03

$3.80

5.9%

Fried Chicken

$1.23

$1.40

12.1%

Milk

$2.43

$2.01

21.2%

Potatoes

$3.74

$3.01

24.1%

Pizza

$8.59

$9.89

13.1%

Beer

$10.34

$8.90

16.2%

Health Care

Item

Mount Plymouth

National avg.

Difference

Optometrist

$79.06

$102.16

22.6%

Doctor

$79.27

$108.36

26.8%

Dentist

$79.99

$92.53

13.6%

Ibuprofen

$10.31

$9.28

11.1%

Lipitor

$449.88

$425.82

5.6%

Housing

Item

Mount Plymouth

National avg.

Difference

Home Price

$126,900.00

$184,700.00

31.3%

Avg. Mortgage Payment

$1,009.92

$1,202.44

16.0%

Apartment Rent

$1,251.00

$949.00

31.8%

Transportation

Item

Mount Plymouth

National avg.

Difference

Gasoline

$2.12

$2.24

5.4%

Tire Balancing

$43.13

$46.29

6.8%

Utilities

Item

Mount Plymouth

National avg.

Difference

All Electricity

$181.04

$165.96

9.1%

Phone

$32.85

$28.68

14.5%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.